Buy Penny Stocks' new alert is NAMG, an oil and gas play that has tremendous profit potential for those that get involved with the stock right now.

North American Oil & Gas Company (OTCBB: NAMG) is focused on the prolific San Joaquin Basin in Southern California, with existing foundation assets targeting exploration prospects in the southern part of the basin.

We strongly believe that NAMG is at the perfect price point where positive news could send this stock on a big run and right now is the time to get involved before that happens.

Why are we so bullish about this OIl & Gas Jr. right now? Because....

NAMG traded at $1.60 just two months ago and we believe the stock is set up for a potential short squeeze that could send shares, now trading near 80 cents, soaring toward its recent high!

The short interest in North American Oil & Gas is very high right now, having recently jumped from 268,900 to 458,300 shares

That's enough shares to swell the short squeeze potential and possibly send the marketvaluation for NAMG into unprecendented territory in the near future.

You can see that NAMG has already begun its climb, gaining around 17% over thelast two trading sessions.

Not only is this stock lining up for a large short term jump but as you'll read in tomorrowmorning's full report..

NAMG is backed by the same team that took American Oil & Gas to a $630 Million buyout, earning early shareholders gains of up to 1000% on their investments!

We believe that NAMG has the potential to also generate exponential profits for early shareholders........here's why!

A Monster Oil Boom is Emerging in So. California and NAMG's

San Joaquin Basin Holding Lies Right in the Heart of it!

California's San Joaquin Basin is an emerging oil and gas mega-field and as you're about to read, North American Oil & Gas Company acquired a 12.5 square mile stake in here, positioning early shareholders for a potentially huge payday!...Why?

Because just last year, the United States Geological Survey (USGS) confirmed that California could hold up to 4-times more oil than the Bakken in North Dakota and Wyoming!

Any oil and gas investor knows that the Bakken Shareholders made fortunes from early investments in off-radar Bakken oil companies similar to NAMG in the past.

We are very confident that this stock is about to follow in the footsteps of these Oil & Gas Jr.'s that rewarded early shareholders. In fact....

NAMG could see gains of 500% - 1,000% when all is said and done with the coming California oil discoveries!

Don't take our word for it, just read what the Wall St. Journal, CNN Money and CNBC have all written about California being the next oil boom!

Other than the USGS survey, there are several glaring signs that prove the San Joaquinregion is home to tremendous amounts of oil.

It turns out that top-producing oil companies are pumping billions of dollars into San Joaquin and it's not for the conventional oil (which it still produces in abundance)...butit's for the long-overlooked oil shale that lies deeper in the ground!

Oilfield veterans have long known that the shale oil was down there... it simply took drilling and production experience from the Bakken and Eagle Ford shale to make extraction possible.

In addition to all of this activity around San Joaquin, there's a smoking gun that definitively proves that NAMG's holdings are bound to hold huge amounts of oil......

Oil Giant Occidental Petroleum has Been Secretly Loading Up on San Joaquin Oil Leases with a Target of 6 Billion Barrels of Oil!

That's right, Occidental Petroleum (NYSE:OXY) was recently caught using a covercompany called "Vintage Petroleum" to load up on Southern California oilfield leases!

OXY’s front company had quietly locked in 9,000 acres of San Joaquin oil leases before the story came out and an attorney that represented several of the area's landownders said that OXY was "making a big play."

Oil & Gas giants don't make big plays like this, let alone try to cover them up so that no one else moves in, unless they're sure that there is a huge amount of oil waiting for them!

But lucky for NAMG and its shareholders who get in early, OXY didn't get ALL of the leases ...NAMG got in earlier, locking up 12.5 square miles of San Joaquin before OXY made their move!

Now North American Oil & Gas is poised to become a top performer in the same region where Occidental Petroleum has been secretly staking claims!

The time to act on NAMG and seize this ground floor opportunity before it explodes is now!

Leading Independent Petroleum Consultant Reports that Oil can be Profitably Extracted from NAMG's Properties using EOR Techniques!

Last November, Sproule, a diversified, worldwide petroleum consulting firm confirmed that oil can be tapped and profitably extracted from NAMG's Tejon Footwall Prospect located in the San Joaquin basin, using EOR techniques.

Sproule has been in business for over 60 years and has evaluated oil and gas reserves all over the world, serving over 4,000 clients and completing over 15,000 projects.

So you know when they conduct analysis on a property, it's going to be spot on.

The report was 58 pages long and you can read about its main points in tomorrow morning's Profile on NAMG but the main point that caught our attention is this:

The NAMG prospect is sandwiched between two fields that together have produced 58 MMbbloil and 252 Bcf gas from the same targets North American Oil & Gas is targeting now which means the presence of a petroleum system is already proven!

NAMG Recently Expanded its Interest in the Tejon Footwall Prospect with Resource Production Potential near 50 Million Barrels of Oil!

Just a few months ago, NAMG announced that it had expanded its interest in its Tejon Footwall Prospect we just mentioned. Read the News Story Here.

North American Oil & Gas acquired an additional 18.75% working interest and operatorship in the Tejon Main project, bringing its interest in the project to 40%.

This additional acquisition greatly increases NAMG's leverage in this highly prospective project with resource potential of over 50 Million Barrels of Oil!

Not just that but in NAMG's recent corporate update, the company announced it believes it has reduced the technical risk of its prospects on the Tejon property as well as started the permitting of five wells.

Right now appears to be an ideal time to get involved with NAMG that not only looks positioned for a possible short squeeze in the near future but is managed by an executive team with a solid track record of bringing incredible success to undiscovered oil & gas companies.

The President & CEO of NAMG Has a History of Making Early Shareholders Fortunes on Deals like American Oil & Gas!

Bob Rosenthal, President & CEO of North American Oil & Gas and his investors have a history of making early shareholders rich.

NAMG's CEO has deep roots in Alaskan oil venture Great Bear Petroleum, which is emerging as one of America's largest domestic shale oil producers!

Even more impressive, Rosenthal and his investors co-founded a similar bulletin board stock, American Oil & Gas, around $1 just like NAMG.